China announces retaliatatory tariffs as Trump defends United States moves

China's finance ministry said on Monday it planned to impose tariffs ranging from 5 per cent to 25 per cent on 5,140 USA products on a target list worth about US$60 billion from June 1, striking back after USA raised duties last week. "China should not retaliate - will only get worse!" Brent crude gained 0.07% to $70.28 per barrel. President Trump has pledged to broaden tariffs even further to all Chinese imports - including big-ticket items. Just $5 a month.

Despite optimism from officials in recent weeks that the talks were moving towards a deal, tensions reignited last week after Trump administration officials accused China of trying to backpedal on issues already agreed to in the negotiations. "The only problem is that they know I am going to win (best economy & employment numbers in USA history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term".

"We had a deal with China. Would be wise for them to act now, but love collecting BIG TARIFFS!"

The president also introduced a new argument that consumers can avoid the tariffs by buying non-Chinese goods.

China had vowed "necessary countermeasures" on Friday against Trump's escalation.

In a previous round of tit-for-tat moves, the USA imposed 10 percent tariffs on $200 billion of Chinese imports in September.

China has vowed retaliation in response to USA tariffs, and the president said he plans to send a portion of the funds raised by tariffs to American farmers who are bearing the brunt of the trade war.

The president's tweets come as he carried through on a threat to raise tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent, while directing his economic team to explore possibly imposing new tariffs on virtually all other Chinese imported goods not now subject to USA tariffs.

Jury orders Bayer to pay $2 billion in third Roundup trial
The verdict comes about a month and a half after a jury awarded $80 million to another person, Edwin Hardeman , who has cancer. More than 13,000 similar lawsuits have been filed against the company, according to the EWG news release.

Beijing had set additional rates of 5% and 10% on 5,207 USA products worth $60 billion in September, in response to the U.S.'s initial 10% duty on the $200 billion worth of Chinese goods, and warned at the time that it would counter any higher tariffs imposed by Washington.

"We hope that the USA side does not misjudge the situation and not underestimate China's determination and will to safeguard its interests".

Major changes to Chinese law, enforced and monitored by another country is something China will never accept nor could it if it wanted to not only save face at home but overseas.

What are the USA and China fighting about?

China said on Monday it planned to set import tariffs ranging from 5% to 25% on 5,140 US products on a $60 billion target list.

State television said in a commentary the effect of the USA tariffs on the Chinese economy was "totally controllable".

USA officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff hikes, ratcheting up a trade fight that is shaking financial markets and fueling fears about global economic growth. The tech-heavy Nasdaq Composite Index fell 3.4 percent for the day, its worst decline in 2019. He emphasized the talks' ongoing nature and discouraged the term "trade war", saying the tariffs were simply part of the negotiations. Trump sees himself as the ultimate dealmaker and might believe that he has to personally intervene to get Xi to budge.

Other analysts point to a smaller impact, though, particularly for the United States, the world's largest economy. U.S. Trade Representative Robert Lighthizer said Friday that Trump ordered the U.S.to begin the process of imposing increased tariffs on the $300 billion of Chinese exports not affected by last week's hike. In some cases, China might absorb some of the cost to stay competitive, but for the most part, it's folks in the USA who will pay the price. Moody's Analytics says that fallout from the higher US tariffs could reduce USA economic growth - 2.9% last year - by 1.8 percentage points a year from now.

Related:

A type of long-appendaged amphipod was discovered at the bottom of the Challenger Deep, in the Mariana Trench . Vescovo and his team believe they have discovered four new species of prawn-like crustaceans called amphipods.

Musk's contributions weren't used, and Unsworth told CNN at the time that Musk's effort was a "PR stunt". Musk contended his insult was protected from legal action, but the judge overseeing the case disagreed.

If pet owners have recently acquired a new, small breed dog from Marion County, they should contact their veterinarian. This, since pet owners are far less likely to come in contact with saliva, blood and body fluids from an infected dog.

The agency will establish sustainable missions by 2028, then we'll take what we learn on the Moon, and go to Mars. Their analysis provided more accurate epicenter location data for 28 moonquakes recorded from 1969 to 1977.

Unlike Hitman, which had a weirdly forced episodic release, this move does make at least some sense for Final Fantasy 7 . In short, the game is coming really soon, and fans better watch out for more details in June, likely during E3.

Huffman was among the stars of the popular ABC series " Desperate Housewives ", which won her an Emmy Award in 2005. Huffman was also nominated for an Oscar for playing a transgender woman in the movie " Transamerica ".

AP reported that weather conditions in the area of the crash comprised high overcast skies with 9 miles per hour southeast winds. There were 11 people on one plane, and Petty Officer Jon-Paul Rios says the 10 injured were from that plane, one critically.

Sarri's Napoli team ended up with 91 points last season but still finished second to Juventus in the Serie A table. Virgil van Dijk rattled the crossbar late on as Liverpool completed a remarkable season with a flourish.

Global equities tumbled again on Monday, with major Wall Street stock indexes down more than two percent. China announced it would hit the USA with tariffs of $60bn on $200bn worth of goods starting on June 1.

But Michael himself, who is still said to be receiving private treatment in Switzerland, will not feature in the new film. The German then moved to Ferrari where he went on to dominate the sport before calling time on his career in 2006.

Suns forward Josh Jackson arrested at Rolling Loud
Jackson sat on a nearby golf cart as instructed, but when Manzelli stepped away, Jackson stood up and began to walk away. The team said in a statement it is "aware of the report and in the process of gathering more information".

Lakers' Odds at the 2019 NBA Draft Lottery
He isn't a very good jump shooter meaning the team he lands with will need to put shooters around the first year forward. What teams are involved and what are their odds of winning? The Grizzlies now sit in the No. 8 spot in the lottery.

China hits back in trade war with US
US Treasury Secretary Steven Mnuchin told CNBC the talks were ongoing and he was working on when to travel to Beijing . The move comes three days after the United States more than doubled tariffs on $ 200 billion of Chinese imports .

Leak may reveal two new colors coming to this year’s iPhone 11R
Renders show that iPhone 11r will feature the same notched display, metal frame, and glass design that we have seen on iPhone Xr. Apple's Greg Joswiak said a year ago that the iPhone XR had outsold the XS and XS Max "each and every day" since its release.

Doris Day, known for wholesome 1960s movie roles, dies at 97
Doris Day , an actress and singer whose career and activism endured from the 1930s, has died , according to multiple sources. She did some dramatic and more ambiguous roles too, but later wrote in her memoir that fans struggled to accept her in them.

Felicity Huffman Pleads Guilty In College Bribery Scandal
The judge then reminded the 56-year-old actress that she would be waiving her right to stand trial if she pleaded guilty. Seventeen other parents, including Loughlin, have chose to fight the charges and formally submitted not guilty pleas.